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The £60 million settlement in Bernie Ecclestone's bribery trial may seem a lot of money, but it leaves the road clear for one of sport's biggest operators to carry on exerting control over the world of Formula 1.
ITV News Sports Editor Steve Scott reports:
Formula One boss Bernie Ecclestone has to pay $100 million (£60m) as a settlement payment in his bribery trial, a Munich district court said.
A spokesman for the court said the suspicion against the 83-year-old was largely not substantiated.
The bribery trial against Formula One boss Bernie Ecclestone will be discontinued for the moment, a Munich district court said.
The announcement comes after the 83-year-old offered to pay a £60 million settlement to end the trial.
Bernie Ecclestone's defence lawyer has said it is "do-able" for the Formula 1 tycoon to pay out £60m within a week.
A district court in Munich said Mr Ecclestone, 83, had offered to pay the cash to end a trial for bribery.
The state prosecutor told the court that Mr Ecclestone's age and other circumstances meant they would support the offered settlement.
The billionaire could face up to 10 years in jail and have to give up control of his business if he is found guilty.
A spokeswoman for the Munich court pointed out that under German law settling the case with a payout did not amount to an admission of guilt.
"With this type of ending a procedure there is no ruling on guilt or innocence of the defendant," she said.
"He is neither acquitted nor judged, rather this is a special type of ending a procedure which is in theory available to all types of cases."
Formula One boss Bernie Ecclestone has offered to make a $100 million (£60m) payment in order to end a trial on bribery charges, a court in Germany heard.
State prosecutors in Munich said they would agree to accept the offer, according to Reuters.
The 83-year-old went on trial in April over allegations he bribed a former German banker as part of the sale of a major stake in the motorsport business eight years ago.
Ecclestone's age and other circumstances supported the acceptance of a settlement, the state prosecutor said.
The British billionaire could have faced up to 10 years in jail and would have had to cede control of a business he has built up over the past four decades.